Energy efficiency credits have been extended. That’s great for homeowners, who can get credits for putting in energy efficient storm windows and doors, as well as high efficiency heat and air, and get a credit for it on their income taxes.
However, there’s a dirty side to the green energy credits as well.
If you have an electric car and you put a 220 volt charger in your house, you can get $1,000 credit for it.
That’s just wrong.
What the government is doing is picking winners and losers. And the electric car is just one example. When one energy efficient industry gets a credit, the others complain to get one too.
The government offers credits like solar energy, giving that industry an unfair advantage. Next thing you know, the wind power people get jealous, so they get a credit, too. Then the geothermal people get jealous. There’s another credit.
The fact that they’re picking winners and losers is bad enough. But where do you think the money’s coming from? We’re all paying for it in our taxes.
So people are more inclined to get that electric car, because the government will take some of everyone else’s money and give it to them as a $1,000 incentive.